Bitcoin wey dey make profit supply don collapse go bear-market levels
Sins di Bitcoin reach im all-time high for 2025, BTC don dey struggle to start one correct up move wey go last. On-chain indicators dey show say the bear phase still dey active: "Bitcoin supply in profit" dey shrink quick and e dey quickly turn to loss. CryptoQuant analyst Darkfost report say profit supply dey compress go multi-year lows, near 1 out of 2 BTC dey held for loss. The share of "Bitcoin supply in profit" dem estimate around 59%, compared to about 75% for the last bear-market trough — meaning current situation don already worse than normal bear baseline. Traders advised to watch the ~50% profit-supply level, wey historically be zone where bear-market structure fit bottom or flip into accumulation. But confidence normally go fade more as profit dey shrink. Another view with MVRV Z-Score talk say BTC never enter any "green" bottoming zone, dem reject the ~$60,000 bottom call and dem project about 6 more months of bearish continuation. Overall, the worsening of "Bitcoin supply in profit" and rising loss exposure show say downside risk go continue until on-chain stress calm down.
Bearish
Profit dey shrink fast meanwhile loss exposure dey rise. That combination for history fit mean ongoing downside/volatility rather than immediate trend reversal. The ~50% “Bitcoin supply in profit” threshold dey noted as possible inflection zone, but current level (~59%) and the MVRV Z-Score view both dey argue say market never reach confirmed bottom yet, and e fit get more months of bear continuation. For traders, this one usually mean manage risk (lower leverage, tighter invalidation levels) and adopt wait-and-confirm approach for any long entries until on-chain stress stabilize.